Price for Electrical Fuses for Under 1000 V in Azerbaijan - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Azerbaijan (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Azerbaijan (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Azerbaijan
- Exports of Electrical Fuses for Under 1000 V in Azerbaijan
Price for Electrical Fuses for Under 1000 V in Azerbaijan (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $26 per thousand units, remaining constant against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 98% against the previous year. As a result, import price attained the peak level of $40 per thousand units. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($226 per thousand units), while the price for China ($7.7 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Azerbaijan (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to less than $0.1 per unit, declining by -59.2% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 189%. The export price peaked at $0.2 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.4 per unit), while the average price for exports to Latvia (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+88.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Azerbaijan
In 2022, approx. 27M units of electrical fuses for under 1000 v were imported into Azerbaijan; growing by 24% on the previous year. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at 28M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electrical fuses for under 1000 v skyrocketed to $691K in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 171 | 140 | 131 | 158 | -2.6% |
| United States | 36.0 | 115 | 88.1 | 147 | 59.8% |
| Turkey | 52.5 | 61.0 | 102 | 55.1 | 1.6% |
| Uzbekistan | N/A | N/A | 1.1 | 47.0 | 4172.7% |
| Russia | 55.1 | 35.9 | 19.2 | 42.3 | -8.4% |
| Germany | 36.7 | 47.9 | 36.0 | 36.4 | -0.3% |
| France | 93.8 | 38.6 | 23.8 | 30.2 | -31.5% |
| Tunisia | 8.4 | 11.5 | 7.7 | 5.4 | -13.7% |
| Others | 104 | 120 | 152 | 169 | 17.6% |
| Total | 557 | 570 | 561 | 691 | 7.5% |
Top Suppliers of Electrical Fuses for Under 1000 V to Azerbaijan in 2022:
- China (20.5M units)
- Turkey (1.8M units)
- Uzbekistan (0.9M units)
- United States (0.7M units)
- Russia (0.7M units)
- Tunisia (0.5M units)
- France (0.3M units)
- Germany (0.3M units)
Exports of Electrical Fuses for Under 1000 V in Azerbaijan
In 2022, overseas shipments of electrical fuses for under 1000 v decreased by -80.8% to 49K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 220% against the previous year. As a result, the exports attained the peak of 256K units, and then declined notably in the following year.
In value terms, exports of electrical fuses for under 1000 v fell significantly to $599 in 2022. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 229%. As a result, the exports attained the peak of $7.6K, and then shrank markedly in the following year.
| Export of Electrical Fuses for Under 1000 V in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 0.2 | 0% |
| United States | 1.4 | N/A | N/A | 0.1 | -58.5% |
| Latvia | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | N/A | N/A | 2.8 | N/A | 0% |
| United Arab Emirates | N/A | 2.3 | 1.4 | N/A | -39.1% |
| Egypt | N/A | N/A | 3.5 | N/A | 0% |
| Georgia | 2.7 | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 2.4 | 0.1 | N/A | 0.2 | -56.3% |
| Total | 6.4 | 2.3 | 7.6 | 0.6 | -54.6% |
Top Export Markets for Electrical Fuses for Under 1000 V from Azerbaijan in 2022:
- Latvia (47.9K units)
- United Kingdom (0.8K units)
- United States (0.2K units)
- Turkey (0.1K units)
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